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Insurance & LoanMon, 08 Jan 2018 17:07:35 +0000en-UShourly1https://www.insurancebazaaar.com/wp-content/uploads/2017/12/cropped-icon-32x32.pngInsurance Bazaaarhttps://www.insurancebazaaar.com
3232Different Types of Health Insurance Explainedhttps://www.insurancebazaaar.com/different-types-of-health-insurance-explained/
https://www.insurancebazaaar.com/different-types-of-health-insurance-explained/#respondMon, 08 Jan 2018 17:07:35 +0000https://www.insurancebazaaar.com/?p=312Health is the biggest and most crucial asset of every living being. An unhealthy animal and individual can never truly experience any joy. It is the wealth of health that provides the requisite potential to topple over all odds and to move ahead with life.

Different Types of Health Insurance Explained

Health is the biggest and most crucial asset of every living being. An unhealthy animal and individual can never truly experience any joy. It is the wealth of health that provides the requisite potential to topple over all odds and to move ahead with life. So such an essential part of a person’s life demands extra care and concern. An ideal way to secure an individual’s prized possession for him and for those who love him is a health insurance policy.

A health insurance policy is meant to financially assist a person in case there occurs a setback to his health. For instance, he is afflicted by some grave disease, meets an accident, becomes handicapped etc. In order to provide complete service and for the all-round development of the individual the health care system of America offers ample of options or different types of health insurance for its citizens. Some of these are explained below:

• Preferred Provider Organization or PPO is a discount form of health insurance policy. PPO has a complete network of health care providers from hospitals to doctors. If an individual has taken PPO policy and takes treatment from any of these assigned providers, the PPO covers his complete medical treatment. While if the person takes recourse to some other doctor or institution, he gets served at a reduced rate. PPO’s thus facilitate medical services at abridged rates.

• One immensely cheap form of health insurance is the catastrophic health insurance. This sort of policy is basically meant for the people who have the financial means to manage regular illnesses and hospitalizations. The deductibles i.e. the sum of money an individual for these policies are quite large for this policy. At times there are caps on the amount the policy will pay in case of illness.

• A Short-term health insurance policy is akin to a life insurance policy in the sense that both can be adopted for a specific tenure. This policy covers catastrophic to comprehensive cases and excludes the situation of pregnancy and childbirth. Quite often it is hard to qualify for these policies as there are strict conditions or qualifying procedures. Moreover, these policies may not cover any pre-existing medical conditions.

• HMOs or the Health Maintenance Organizations also offer health insurance t significantly lower premiums. But the disadvantage is that they confine the sources a person may seek in non-exigency situations. HMOs, do not cover the precautionary measures such as immunization, mammograms, and physicals. There are quite a few issues associated with the HMOs. For instance, it is believed that doctors receive financial perks for deducting the cost of medical services to patients. One way to do this is to pay the monthly fee to the doctor for each patient despite delving into the issues of what treatment the latter one needs.

• There are also full-service health insurances. The lucrative feature of these policies is that they cover all sort of illnesses, cover any medical treatment the patient takes regardless of the institution or doctor and the deductibles are at the discretion of the policyholder. He may pay a high or a low one.

• Medicare or Medicaid insurances are meant for the retired or the low-income individuals.

]]>https://www.insurancebazaaar.com/different-types-of-health-insurance-explained/feed/0Different Types of Health Insurance in Californiahttps://www.insurancebazaaar.com/different-types-of-health-insurance-in-california/
https://www.insurancebazaaar.com/different-types-of-health-insurance-in-california/#respondMon, 08 Jan 2018 17:05:02 +0000https://www.insurancebazaaar.com/?p=314Whether you buy group or individual health insurance in California, the options you have regarding the different types of health insurance are generally the same. In some groups you can even choose from available plans. These different types are traditional health insurance, health maintenance organizations (HMOs), and preferred provider organizations (PPOs).

Different Types of Health Insurance in California

Whether you buy group or individual health insurance in California, the options you have regarding the different types of health insurance are generally the same. In some groups you can even choose from available plans. These different types are traditional health insurance, health maintenance organizations (HMOs), and preferred provider organizations (PPOs).

California goes beyond the Federal requirements for offering health insurance to its residents. Examples of this include Industry Advantage plans (IAHP), short-term health policies, Insurance for high risk Individuals and special plans for children and teens.

Additional Health Insurance in California
The traditional health care delivery system is based on a fee-for-service type of arrangement. In a fee-for-service system, you pay or each itemized medical service you receive. In the days of the frontier, “Doc” often received a chicken as payment. Today, physicians are paid with money, lots and lots of it. Fee-for-service health insurance recognizes this practice and is designed to reduce or even eliminate your duty to pay directly for your medical care. Traditional health insurance comes in three parts:

California has four basic options for choosing a health care plan:

1. Health through an employer or association

2. Health Insurance through Income eligibility such as Medicaid

3. Health care for high risk individuals such as those that have had cancer or a heart attack

4. Private Insurance

Hospitalization
Hospitalization covers defined expenses incurred while in the hospital. Generally, the insurance will pay for all of the covered services rendered by the hospital staff. However, if the insurance benefit is an indemnity payment, the payment will be for a fixed sum regardless of the actual expenses incurred. This fixed sum will usually be far below the daily charge actually made by the hospital.

Medical/surgical
This part of a traditional health plan covers the expensive costs of medical care other than the bill from the hospital. Services such as doctor visits, treatment charges, etc., are covered here. Medical/surgical usually has a deductible and requires co-payments by the insured (payments you make for charges not covered by the insurance), typically 20 percent of the doctor’s fee.

Catastrophic or major medical
There are usually lifetime maximum payments that hospitalization and medical/surgical plans will pay, after which the well runs dry. Unfortunately, these maximums may not be sufficient to pay for all of the care required if a major illness or injury should strike, since such afflictions can eat up hundreds of thousands or even millions of dollars worth of health services. Thus, catastrophic coverage adds to your umbrella of protection in an amount sufficient to protect you from the horrendous expenses of such serious and prolonged illnesses. These policies also fill in some of the gaps not covered by hospitalization or medical/surgical.

Health Maintenance Organizations or Private Insurance in California
The health maintenance organization (HMO) is a relatively new player in the health insurance game, although it has been around in a limited fashion since the 1930s. The idea behind an HMO is to pay one premium and receive all of your health care at no or a nominal additional cost. The point is to save money compared to traditional health plans that cost more to purchase and require more out-of-pocket payments from the insured. What you, the insured, give in exchange for reduced cost is a substantial loss of your freedom to choose who will take care of your health needs.

Preferred Provider Organizations
Preferred provider organizations (PPOs) seek to give both the benefits of traditional health plans and the money savings of HMOs. They do this by paying higher benefits as a reward for your using the doctors or hospitals they preselect for that purpose.

Disability Insurance
Disability insurance does not pay for health care; rather it pays for lost wages caused by a disabling injury or illness.

How Health Insurance Is Priced
Ask anyone how health insurance is priced and you will get a simple answer: expensively! Beyond that, there are underwriting criteria used by health insurance providers, whether they are for-profit or, like Blue Shield/Blue Cross, nonprofit.

Underwriting CriteriaAge
The older you are, the more likely you are to get sick; therefore, the higher your health insurance premiums will be.

Number of people covered
Many people buy family coverage rather than individual policies. This means that there will be adults as well as minor children protected by the same plan. Some companies will charge based on the size of the family. Others charge a basic family rate without regard to the number of members.

Gender
Unlike life insurance, where women get the better end of the bargain than men, in health insurance women often pay higher premiums. This is based on health insurance industry statistics which indicate that the female of the species tends to need medical care more often than the male.

Health history
Insurance operates on statistical probabilities. If you have had a poor health history, statistically you are more likely to have a more expensive health care future. This, in turn, means that you will pay higher premiums-if you can get health insurance at all.

Occupation
The more likely you are to suffer injury or illness because of the work you do, the more likely the health insurance industry will be to charge excessively for benefits. This may be well and good for professional deep-sea divers. But the industry has begun to stretch the concept into areas that have nothing to do with the inherent danger of the work.

Lifestyle
In your application for health insurance you will be asked questions about your personal habits. Your answers will have a lot to do with the cost of your premiums. If you smoke, you will probably pay more for health insurance. If you drink to excess, you will probably pay more for health insurance. If you are known to be under a great deal of stress, you may pay more for health insurance. California does reward the health care Insurance consumer with lower premiums if they have practiced good health policies.

One of the most important things you can do as a health care consumer is to engage in preventive care. Not only will you be able to spot serious diseases at an early stage, thereby increasing your chances of effective treatment and cure, but you should be able to save money as well, since it is usually far less expensive to treat a disease when it’s a molehill rather than a mountain.

About The Author:
Medical-Ins.com is a leading broker of health insurance in California. We provide detailed information and cost breakdowns of Blue Cross, PacifiCare California and many more. Visit our site for a free quote and to help sort through the various health insurance plans to find the more affordable option for your family.

]]>https://www.insurancebazaaar.com/different-types-of-health-insurance-in-california/feed/0Disability Insurancehttps://www.insurancebazaaar.com/disability-insurance/
https://www.insurancebazaaar.com/disability-insurance/#respondMon, 08 Jan 2018 17:01:15 +0000https://www.insurancebazaaar.com/?p=316Disability can occur at any time. While many people take their body and health for granted, serious accident or injury can happen to anyone and if you find yourself disable, for a short period or long term, how will you cope

Disability Insurance

Disability can occur at any time. While many people take their body and health for granted, serious accident or injury can happen to anyone and if you find yourself disabled, for a short period or long term, how will you cope?

Disability insurance is a subset of health insurance that will provide the holder with income should they become disabled and thus unable to continue earning a living. If this were to happen to you, do you know what you or your family would do for income?

If you are aged 40, there is a higher chance that you will be disabled, and thus unable to work for a period of 90 days or more, than of you dying before the age of 65. There are three common ways of insuring against this risk.

Employer’s Insurance

The first is to receive insurance from your employer. This is required by law in many states. It comes as a form of short or long-term paid sick leave. Larger employers can have even more generous terms. For example, a common policy might offer you 60% of your salary for five years, or maybe even all the way up to retirement. While not everyone is lucky enough to work for such a company, it is worth checking with your employer to find out what your protection is and whether or not its something you wish to provide for yourself.

Long Term Disability

The second common protection against this type of risk is social security and disability benefits. This usually only covers employees whose disability lasts for a period of 12 months or more. It also must be shown to be so severe that you cannot find gainful employment. Therefore there are some gaps here that you may be more comfortable providing for with private insurance.

Individual Policies

The third method of dealing with this risk is with an individual disability insurance policy. This means taking out a private insurance policy yourself. You should shop around to make sure you get the best deal available, but at least you will have the peace of mind of knowing in what circumstances you are covered and what the terms of the policy cover.

There are some other sources of protection. Workman’s compensation policies will sometimes step in to cover you if the injury occurred at work. Auto insurance may provide coverage if the injury occurred in a car accident and the Department of Veteran’s affairs can advise you if you think the disability is related to service in the armed forces.

]]>https://www.insurancebazaaar.com/disability-insurance/feed/0Disability Insurance Onlinehttps://www.insurancebazaaar.com/disability-insurance-online/
https://www.insurancebazaaar.com/disability-insurance-online/#commentsMon, 08 Jan 2018 16:59:25 +0000https://www.insurancebazaaar.com/?p=318Disability insurance can help bring you much-needed income even if you’ve been injured or disabled. Being hurt and unable to work shouldn’t be a punishment. Find out how disability insurance can help you when you need it the most.

Disability Insurance Online

What is Disability Insurance?
“The Social Security and Supplemental Security Income disability programs are the largest of several Federal programs that provide assistance to people with disabilities. While these two programs are different in many ways, both are administered by the Social Security Administration and only individuals who have a disability and meet medical criteria may qualify for benefits under either program.”
– Social Security website, June 2006

The Social Security office will want to check your medical history to be sure you qualify for disability benefits. The Social Security office is one way to get disability benefits, but in most cases, these benefits will not be substantial enough for families.

Disability insurance can be obtained through any number of insurance companies. In the event that you are disabled, this insurance will serve as financial protection. You will receive a percentage of your gross income from your disability insurance policy, income that will ensure your own financial safety.

You do not have to go to the Social Security Office to take out a disability insurance policy, nor to receive the benefits from that policy. The Social Security disability program is not related to any disability insurance policy that you take out.

“Individual disability insurance is truly a basic concept. It is an insurance product designed to replace anywhere from 45-60% of your gross income on a tax-free basis should a sickness or illness prevent you from earning an income in your occupation. Every disability insurance policy from every insurance company is very different, this is not a product to simply shop at the most competitive rate. To buy the cheapest disability insurance policy on the market is to throw money away. The odds of getting paid a monthly benefit under a cheap contract may be significantly lower than receiving benefits from a quality contract.”
– On Disability Insurance web site, June 2006

Types of Disability Insurance
Most people are familiar with two types of disability insurance: short-term disability, and long-term disability. Short-term disability insurance is included as part of a benefits package with many different employers and usually provides an income in the early part of the disability. Short-term disability insurance generally provides coverage for a period of several weeks and does not exceed a two-year term.

Long-term disability, however, can last for a period of several years. These types of policies may be included as a part of employment, in a benefits package, but many purchase these disability insurance policies individually.

As far as disability insurance goes, however, there are still more policies to learn about. One type of disability insurance is the Own-Occupation Disability Insurance. The definition of this policy reads:

“The inability to perform the material and substantial duties of your regular occupation, the insurance company will consider your occupation to be the occupation you are engaged in at the time you become disabled, they will pay the claim even if you are working in some other capacity.”

Another kind of disability insurance is the Income Replacement Insurance. This is a very popular type of disability insurance, and most insurance agents are familiar with this policy. The language of this type of disability insurance reads:

“Because of sickness or injury, you are unable to perform the material and substantial duties of your occupation, and are not engaged in any other occupation.”

Common in employee benefits packages, Gainful Occupation Coverage is another popular form of disability insurance. The language here is worded very carefully:

“Because of sickness or injury you are unable to perform the material and substantial duties or your occupation, or any occupation for which you are deemed reasonably qualified by education, training, or experience.”

]]>https://www.insurancebazaaar.com/disability-insurance-online/feed/2Discount Dental Planshttps://www.insurancebazaaar.com/discount-dental-plans/
https://www.insurancebazaaar.com/discount-dental-plans/#respondMon, 08 Jan 2018 16:56:32 +0000https://www.insurancebazaaar.com/?p=320In general Dental plans is a low-cost alternative to dental insurance. Dental care services become more affordable with discount dental plans for families in the lower income bracket. A dental plan is…

Discount Dental Plans

In general Dental plans is a low-cost alternative to dental insurance. Dental care services become more affordable with discount dental plans for families in the lower income bracket. A dental plan is a kind of a club you join where we have a section of providers and consumers. In a discounted dental plan, the providers have agreed to provide the services at a discounted rate. As a consumer, one just has to display his or her membership card while visiting the provider. These discounted dental plans do not purport to insurance in any way, they are just discount programs.

Choosing a Dental Plan

While taking a decision on a discounted dental plan, it is important to be fully informed so that one can make a confident decision. The internet would be the great tool to search for various plans in your area and compare them. Keeping the cost and benefits offered in mind, an informed decision can be made against the backdrop of your needs. Joining or enrolling in any of these plans is easy and quick; you just have to pay the fee using your credit card or electronic check and get the package online, in a matter of minutes. Many of these packages come with a 30-day money back guarantee, which means if you are not satisfied with the package or services, you can get your money back within 30 days without any questions being asked.

Many discounted dental plans offer ways to save on more than dental care, offering discounts on pharmacy prescriptions, vision etc. Keep these in mind while comparing the plans.

Using your discounted Dental plan

After you join a discounted dental plan you can start using the plan immediately without any waiting period. Benefits for most discounted dental plans are activated within 48 hours from enrolling.

When you use the discounted dental plan, make sure you call the impaneled provider dentist for an appointment. When you reach the dentist to keep your appointment, make sure you show the discount dental plan card to the receptionist to avoid confusion, it will ensure that you are charged the discounted rate in the first place.

The payment at the discounted rate is to be made at the time of taking the service. There are no hassles of paperwork and claims as in insurance plans.